CGRA NEWS!!
CGrowth Capital, Inc. Makes Advances in Mining Operations
CGrowth Capital, Inc. Makes Advances in Mining Operations
SILVERDALE, WA--(Marketwired - Mar 25, 2014) - CGrowth Capital, Inc. (PINKSHEETS: CGRA) (OTC Pink: CGRA) (the "Company") is pleased to announce that it has made advances in the progress towards processing of its silver ore material from the Deer Trail Mine in Eastern Washington. The Company has recently completed necessary work on its laydown yard, which is used for the staging and loading of ore for shipment. Improvements included the completion of road excavation, the distribution of over 700 yards of roadbed rock, and preparing the site for permanent weigh scales. In conjunction with improvements, the Company executed contracts with vendors for both the hauling and processing of the silver ore material in Montana.
The Company continues to work with investors and its mining partners, and is wrapping up the quarter by completing the extraction of 750 tons of its silver ore material to be used for a pilot test. The ore material has been delivered to the processor, and the Company expects processing to begin prior to the end of the month in Philipsburg, Montana. The Company expects to announce the results follow the processing and analysis by third parties.
"Winter is historically a tough time for surface mining, with many operations shut down until the spring thaw," said Bill Wright, CEO of CGrowth Capital, Inc. "However our team has not been deterred and has pressed forward with not only the small pieces of the puzzle, but has completed multiple projects and milestone to get our ore to the processing facility. Our laydown yard is in order and we have major contracts in place. Thanks to the cooperation of our partners, MRJ Resources and Cedar Canyon Mining Corp, along with private project investors, we are confident that we will be able to continue with our initiative and move our pilot project into full production."
